European shares rise 0.7%, led by banks
European shares were up in the first hour of trading, with the STOXX 600 last up 0.7%. Banks led the gains.
BANKS LEAD EUROPE HIGHEREuropean shares are up in the first hour or so of trading as investors continue to process the results of the midterm elections.A drop in the oil price around the open also helped give stocks a boost, and the broad STOXX 600 was last up 0.7%, led by a bounce back in banks, w…